Your business is your pride and joy. You’ve spent years building your brand, cultivating a base of loyal customers, and building a team that manages to surprise you with their dedication and ingenuity every day. But the curse of entrepreneurship is that you never get to sit back and say that you’re satisfied. You’re always searching for new ways to innovate. To bring greater motivation to your employees and greater value to your clients. And making operational changes that improve efficiency and productivity.
A big part of this involves knowing when you’ve reached the limits of what you can achieve with your current infrastructure, whether that’s your technology, your personnel or your physical premises. There may come a time when you need to move to a new premises with better transport links, more space or (for retailers) a more prime location with better footfall. While we’ve looked at managing the logistics of a business move, here we’ll look at some ways in which you can cut the costs, improve your cash flow and prevent the move from putting a dent in your margin…
Carry out an equipment inventory well in advance
In some ways our business premises are just like our homes. We can accumulate more and more stuff over the years which eventually ceases to be useful and becomes clutter. Take an inventory of your equipment well in advance and ascertain what you need to take and what you can do without. You may find that there’s a significant amount of equipment left that can be auctioned, offsetting the cost of your move. And the less equipment you’re bringing, the more affordable your move will be.
Consider the timing
The timing of your move can also lead to significant savings. Like most enterprises, movers have peak seasons. Move in the spring or summer when conditions are warm and dry and you can expect to pay slightly higher rates. If you can defer your move to fall or winter, you may find that you’re able to make significant savings.
Insure your valuables
If this is your first business relocation you may assume that movers are liable for damage to your delicate IT equipment, furniture and other items. However, this is rarely the case. Moving companies are legally within their rights to exclude certain liabilities from agreements with the companies that use them, and may reject responsibility for damages incurred to your goods. That’s why it’s vital that you ensure all of your equipment for the move.
Invest in infrastructure to get back up and running quickly
When moving to a new premises, you need to not only consider the cost of the move, but the expense caused by a lack of uptime as you get your new premises fit for purpose. Partner with a networking specialist like Richmond Communications Group, Inc.. They can help you to get your telecoms infrastructure up and running faster so that you can resume business as usual and provide a seamless service for your customers.
Moving to a new premises can bring out the best in your business. And when you’re proactive about the cost, you can prevent it from eating into your margins and impeding your cash flow.